What is the latest form CT01 for change of residence information in Vietnam? What is the basis for personal income tax calculation for Vietnamese non-residents?

What is the latest form CT01 for change of residence information in Vietnam?

The latest form for changing residence information is Form CT01, issued in conjunction with Circular 66/2023/TT-BCA.

The Form CT01 for change of residence information is as follows:

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What is the latest form CT01 for change of residence information in Vietnam? (Image from Internet)

When is Form CT01 used for changing residence information in Vietnam?

Pursuant to Clause 1, Article 3 of Circular 56/2021/TT-BCA (amended by Clause 1, Article 2 of Circular 66/2023/TT-BCA), it is stipulated:

The residence information change form is used when Vietnamese citizens residing domestically perform the procedures for:

- Permanent residence registration,

- Deletion of permanent residence registration,

- Household separation,- Adjusting information in the Residence Database,

- Temporary residence registration,

- Deletion of temporary residence registration,

- Extending temporary residence,

- Declaring information about residence,

- Confirming information about residence

What is the basis for personal income tax for Vietnamese non-residents?

(1) Tax on income from business activities

Pursuant to Article 25 of the Personal Income Tax Law 2007 which provides for tax on income from business activities:

- Tax on income from business activities of Vietnamese non-resident individuals is determined by the revenue from production and business activities as specified in Clause 2, Article 25 of the Personal Income Tax Law 2007 multiplied by the tax rate specified in Clause 3, Article 25 of the said Law.

- Revenue is the total amount arising from the provision of goods and services, including expenses paid by purchasers on behalf of Vietnamese non-resident individuals that are not reimbursed.

If the contract agreement excludes personal income tax, the taxable revenue must be converted into the total amount received by Vietnamese non-resident individuals in any form from providing goods, services in Vietnam, regardless of the business activity location.

- The tax rate on income from business activities is specified for each field and type of production and business activity as follows:

+ 1% for commercial activities,

+ 5% for service activities,

+ 2% for manufacturing, construction, transportation, and other business activities.

(2) Tax on income from wages and salaries

Pursuant to Article 26 of the Personal Income Tax Law 2007 which provides for tax on income from wages and salaries:

- Tax on income from wages and salaries for Vietnamese non-resident individuals is determined by the taxable income from wages and salaries as specified in Clause 2, Article 26 of the Personal Income Tax Law 2007 multiplied by a tax rate of 20%.

- Taxable income from wages and salaries is the total amount that Vietnamese non-resident individuals receive for performing work in Vietnam, regardless of where the income is paid.

(3) Tax on income from capital investment

Pursuant to Article 27 of the Personal Income Tax Law 2007 which provides for tax on income from capital investment:

Tax on income from capital investment of Vietnamese non-resident individuals is determined by the total amount received from capital investment into organizations and individuals in Vietnam multiplied by a tax rate of 5%.

(4) Tax on income from capital transfer

Pursuant to Article 28 of the Personal Income Tax Law 2007 which provides for tax on income from capital transfer:

Tax on income from capital transfer of Vietnamese non-resident individuals is determined by the total amount received from transferring capital shares in organizations and individuals in Vietnam multiplied by a tax rate of 0.1%, regardless of whether the transfer is conducted in Vietnam or abroad.

(5) Tax on income from real estate transfer

Pursuant to Article 29 of the Personal Income Tax Law 2007 which provides for tax on income from real estate transfer:

Tax on income from real estate transfers in Vietnam by Vietnamese non-resident individuals is determined by the real estate transfer price multiplied by a tax rate of 2%.

(6) Tax on income from copyright, franchising

Pursuant to Article 30 of the Personal Income Tax Law 2007 which provides for tax on income from copyright, franchising:

- Tax on income from copyright of Vietnamese non-resident individuals is determined by the income exceeding 10 million VND per contract for transferring, licensing intellectual property rights, and technology transfer in Vietnam, multiplied by a tax rate of 5%.

- Tax on income from franchising of Vietnamese non-resident individuals is determined by the income exceeding 10 million VND per franchise contract in Vietnam, multiplied by a tax rate of 5%.

(7) Tax on income from winnings, inheritance, gifts

Pursuant to Article 31 of the Personal Income Tax Law 2007 which provides for tax on income from winnings, inheritance, gifts:

- Tax on income from winnings, inheritance, gifts of Vietnamese non-resident individuals is determined by the taxable income as specified in Clause 2, Article 31 of the Personal Income Tax Law 2007 multiplied by a tax rate of 10%.

- Taxable income from winnings of Vietnamese non-resident individuals is the portion of the prize value exceeding 10 million VND per win in Vietnam; income from inheritance and gifts is the portion of asset values exceeding 10 million VND per occurrence received in Vietnam by Vietnamese non-resident individuals.